This topic contains a solution. Click here to go to the answer

Author Question: Protection of rivers in Idaho is a public good. If the marginal social cost of protecting rivers in ... (Read 140 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
Protection of rivers in Idaho is a public good. If the marginal social cost of protecting rivers in Idaho exceeds the marginal social benefit of river protection, is there more than, less than,
 
  or the efficient amount of river protection taking place?

Question 2

Relative to the demand curve for low-skilled workers, the demand curve for high-skilled workers lies
 
  A) to the right.
  B) to the left.
  C) below.
  D) in the same place.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

potomatos

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

If the marginal social cost exceeds the marginal social benefit, there is more than the efficient amount of protection taking place. The efficient amount is the quantity such that the marginal social benefit equals the marginal social cost. Any other amount creates a deadweight loss.

Answer to Question 2

A




londonang

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Excellent


ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

For a complete list of videos, visit our video library